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#1 zoropb

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Posted 01 January 2009 - 09:07 AM

Next couple of weeks two ways to get there with one result SPX We visit 830+- area very quickly within next 3 trading days never reaching the 800 area that so many are looking for (I was one of them). After this drop a rally to say 960+- well below the 1000... 90% are looking for. Or...we could rally after a small correction on Friday and go straight up into the 960+- area by the 12th+-. The most probable one since this is my 2nd pick lol. Giving us the typical 30% rallies we saw in the 30's. If we go straight up I think this is bearish for more than a 30% move before we correct again to new lows. Z

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 AChartist

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Posted 01 January 2009 - 09:36 AM

Continuous rally for 7 days.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#3 zoropb

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Posted 01 January 2009 - 10:02 AM

Continuous rally for 7 days.



lol AC with some daily corrections of course thrown in. The two corrections off the Nov lows lasted 1 day and 3 days to the 17th top. maybe this one last 2 days. It does not take much.

Z

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#4 AChartist

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Posted 01 January 2009 - 10:46 AM

Sure daily corrections, but I think many are underestimating.

About 1040 SPX, 1390 NDX is likely area to look for the next pullback
in 7 days. That should be a sharp pullback and then higher again.


Continuous rally for 7 days.



lol AC with some daily corrections of course thrown in. The two corrections off the Nov lows lasted 1 day and 3 days to the 17th top. maybe this one last 2 days. It does not take much.

Z


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#5 zoropb

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Posted 01 January 2009 - 11:00 AM

Sure daily corrections, but I think many are underestimating.

About 1040 SPX, 1390 NDX is likely area to look for the next pullback
in 7 days. That should be a sharp pullback and then higher again.


Continuous rally for 7 days.



lol AC with some daily corrections of course thrown in. The two corrections off the Nov lows lasted 1 day and 3 days to the 17th top. maybe this one last 2 days. It does not take much.

Z


AC there is a good chance we have seen the top already nobody seems to have mentioned this in over a week. It seems the way most have talked is a run to 1000 is a guarantee. That always gets me nervous when the lack of talk to new lows is now a none issue until we go close to 1000.
It would be a surprise if it did go to new lows wouldn't it?

Well what ever happens I will go either way.
Z

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#6 AChartist

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Posted 01 January 2009 - 11:44 AM

If it works this way, friday up even .01, Monday may be the last dip for the 7-8 day run.

I think it's heading to the primary channel centerline on this move end of Jan or early Feb.

The 7-8 day top would be one when the daily macd signal crosses above zero with thrust. Then higher.

There is a huge void just above the numbers I mentioned , those numbers were
the bottom most which is a place to pullback before the void gets filled.


Sure daily corrections, but I think many are underestimating.

About 1040 SPX, 1390 NDX is likely area to look for the next pullback
in 7 days. That should be a sharp pullback and then higher again.


Continuous rally for 7 days.



lol AC with some daily corrections of course thrown in. The two corrections off the Nov lows lasted 1 day and 3 days to the 17th top. maybe this one last 2 days. It does not take much.

Z


AC there is a good chance we have seen the top already nobody seems to have mentioned this in over a week. It seems the way most have talked is a run to 1000 is a guarantee. That always gets me nervous when the lack of talk to new lows is now a none issue until we go close to 1000.
It would be a surprise if it did go to new lows wouldn't it?

Well what ever happens I will go either way.
Z


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#7 AChartist

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Posted 01 January 2009 - 12:42 PM

Jan 26 to Feb 2nd is the mostly likely spot for a top. I'm seeing that many stocks are pushing on the 20/40 top bollinger bands so if some, then more, start turning that up game is on.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan